News – Page 50

Cooking More Than Pizza: Over 5 Kilos of Drugs Found in a U.S. Pizzeria

Law enforcement officials in New York havethree individuals suspected of being associated with a drug trafficking organization that was operating from a pizzeria in the Bronx. During their operation, they seized various drugs estimated to be worth around US$4 million. The Drug Enforcement Administration (DEA) conducted surveillance on Guadencio Rosendo Perez and Zulema Cardenas Espinoza, two of the detainees. The surveillance team observed these individuals removing a heavy-looking bag from the back of a vehicle and taking it into the Mexzzarella Pizza.

Source: Written by Lieth Carrillo, 2023-10-27; https://www.occrp.org/en/daily//en/daily/18163-cooking-more-than-pizza-over-5-kilos-of-drugs-found-in-a-u-s-pizzeria

Kronos Research Offers 10% Bounty Following $26 Million Hack

Kronos Research has offered to drop all legal charges if the hacker returns 90% of the stolen funds, leaving him $2.5 million to keep. The firm made its offer through an Ethereum to the hacker’s blockchain address on Monday. The offer will only remain valid until Thursday, November 30 at 08:00 UTC. Kronos initially the hack on November 18, claiming that an unauthorized entity had gained access to its API keys. The company assured followers that its losses were “not a significant portion” of its equit.

Source: Andrew Throuvalas, 2023-11-29; https://cryptopotato.com/kronos-research-offers-10-bounty-following-26-million-hack/

Can Bitcoin Reach $47K in December or January? Analyst With Interesting BTC Price Prediction

CryptoCon, a famous technical analyst, believes Bitcoin could reach $47k by December 2023 or January 2024. The MVRV is a metric used to evaluate the relative value of a cryptocurrency like Bitcoin by comparing its market capitalization to its realized capitalization. This metric is crucial for traders since it helps them identify when Bitcoin is overbought or oversold, thus potentially entering a new position or readjusting their existing ones. According to CryptoCon, the Bitcoin chart is repeating the same patterns he projected when BTC’s price was hovering around $29k.

Source: George Georgiev, 2023-11-06; https://cryptopotato.com/can-bitcoin-reach-47k-in-december-or-january-analyst-with-interesting-btc-price-prediction/

Report: Chinese Police Kill Dissident Journalist

Sun Lin, a former citizen journalist for networks like the US-based , was widely recognized for his investigative reporting on human rights violations and for his advocacy work. Witnesses in the neighborhood reported hearing a commotionbetween the journalist, who also went by the pen name ‘Jie Mu,’ and the national security officers during the early afternoon of Nov. 17. Sun was subsequently rushed to the Integrated Traditional Chinese and Western Medicine Hospital where he was pronounced dead at 5:45 p.m. Doctors at the hospital confirmed that his clothes were torn and in disarray when he arrived.

Source: Written by Erika Di Benedetto, 2023-11-29; https://www.occrp.org/en/daily//en/daily/18258-report-chinese-police-kill-dissident-journalist

Inside FTX Crypto Courtroom Drama: The First 2 Weeks of the Wild SBF Trial

Sam Bankman-Fried is standing trial for a fraud of epic proportions. The US government asserts that this disgraced crypto mogul orchestrated one of the grandest financial deceptions in history. His defense paints him as a naive young enthusiast who swam too deep in the digital tides. Two weeks deep into the riveting high-stakes drama of the courtroom, jurors have feasted on opening salvos and the star witness testimony of Caroline Ellison. Buckle up for a rollercoaster of revelations from the crypto underbelly.

Source: Chayanika Deka, 2023-10-16; https://cryptopotato.com/inside-ftx-crypto-courtroom-drama-the-first-2-weeks-of-the-wild-sbf-trial/

Tether Sets the Record Straight: No Violations of Sanctions Laws, No Terrorist Ties

Last week, the Wall Street Journal inaccurately reported that Hamas and affiliated terror groups had received tens of millions of dollars in cryptocurrency. The US lawmakers have scrutiny on Tether and Binance in relation to these developments. In a , Tether called out the mainstream media and said there is simply no evidence that it has violated Sanctions laws or the Bank Secrecy Act. The stablecoin issuer has revealed “proactively” collaborating with 31 law enforcement agencies across 19 jurisdictions to tackle malicious activities.

Source: Chayanika Deka, 2023-10-28; https://cryptopotato.com/tether-sets-the-record-straight-no-violations-of-sanctions-laws-no-terrorist-ties/

Press Freedom Watchdog: Lebanon Journalists’ Attack Deliberate, Not Accidental

Seven journalists had positioned themselves to cover clashes between Lebanese Hezbollah forces and the Israeli army. Their vehicles, clearly marked as “press,” were deliberately targeted with artillery. The first strike resulted in Abdallah’s death, while Christina Assi, a correspondent from Agence France-Presse, suffered severe injuries. The second strike targeted a nearby Al Jazeera vehicle, causing injuries to additional colleagues. After analyzing video footage and consulting with ballistic experts, RSF determined that both strikes originated from the east, in the direction of the Israeli border.

Source: Written by Erika Di Benedetto, 2023-11-02; https://www.occrp.org/en/daily//en/daily/18175-press-freedom-watchdog-lebanon-journalists-attack-deliberate-not-accidental

Paolo Ardoino Takes the Helm as CEO at Tether in Surprise Announcement

Stablecoin issuer Tether’s Chief Technology Officer Paolo Ardoino has been promoted to the role of CEO. Jean-Louis van der Velde will transition to an advisory role for Tether while retaining his position as CEO for Bitfinex. “I’m excited to lead our team as we continue to innovate and provide stability in the cryptocurrency and global space. Together with our community, we can build a future that lifts the barriers to our freedoms,” he said.

Source: Chayanika Deka, 2023-10-14; https://cryptopotato.com/paolo-ardoino-takes-the-helm-as-ceo-at-tether-in-surprise-announcement/

Prosecutors Push to Omit Anthropic Reference in SBF’s Fraud Trial

Federal prosecutors in the ongoing fraud trial of ex-FTX CEO Sam Bankman-Fried have requested that the judge exclude any discussion of his investment in Anthropic. This request comes in light of recent media reports about Anthropic’s fundraises from tech giants Google and Amazon. Recent reports have indicated that Anthropic is set to receive billions in funding from Google shortly after announcing a similar investment from Amazon. The news has ignited optimism among creditors of FTX, as Sam Bank man-fried was a notable investor in the company. However, while creditors celebrate this development, it has raised concerns in the courtroom.

Source: Wayne Jones, 2023-10-10; https://cryptopotato.com/prosecutors-push-to-omit-anthropic-reference-in-sbfs-fraud-trial/

Bitstamp Announces When it Will Cease Offering Services in Canada

Bitstamp will be discontinuing its services to customers in Canada starting January 8, 2024. Bobby Zagotta, the U.S. CEO and Global Chief Commercial Officer at Bitstamp, issued a statement regarding the development. He expressed the company’s gratitude towards its customers and the difficulty of the decision, emphasizing that this was not a step taken lightly. This news comes while BitstAMP recently specific services, such as Ethereum staking, in the United States as a result of regulatory actions targeting particular cryptocurrenc.

Source: Wayne Jones, 2023-10-12; https://cryptopotato.com/bitstamp-announces-when-it-will-cease-offering-services-in-canada/

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